Meyer Handelman Co. decreased its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 124,466 shares of the industrial products company’s stock after selling 1,900 shares during the quarter. Caterpillar accounts for approximately 1.6% of Meyer Handelman Co.’s portfolio, making the stock its 15th largest position. Meyer Handelman Co.’s holdings in Caterpillar were worth $45,151,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Caterpillar by 79.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,123 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 497 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Caterpillar by 8.5% during the fourth quarter. Park Avenue Securities LLC now owns 22,526 shares of the industrial products company’s stock worth $8,172,000 after acquiring an additional 1,764 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of Caterpillar by 31.6% during the fourth quarter. Kathmere Capital Management LLC now owns 2,023 shares of the industrial products company’s stock worth $734,000 after acquiring an additional 486 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Caterpillar during the fourth quarter worth $580,000. Finally, Rockland Trust Co. raised its position in shares of Caterpillar by 6.7% during the fourth quarter. Rockland Trust Co. now owns 4,950 shares of the industrial products company’s stock worth $1,796,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.
Insider Activity
In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,868 shares of company stock worth $9,679,489 over the last three months. Corporate insiders own 0.29% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on CAT
Caterpillar Stock Performance
Shares of Caterpillar stock opened at $370.79 on Wednesday. The firm has a market cap of $179.02 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The stock’s 50-day moving average is $381.63 and its 200-day moving average is $366.20. Caterpillar Inc. has a one year low of $276.94 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.52 earnings per share. Equities analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.
About Caterpillar
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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